I saw the news of the SEC chairman saying it would push for bringing the stock market on-chain, and the chat group is really heated right now. Some people say this is a signal that traditional finance is fully embracing crypto, while others say it’s just taking retail investors as “scapegoats,” using them as the first wave. Let me share a couple of thoughts of my own.
I’ve always had a question I’d like to discuss with everyone: if they really move all these traditional equity assets in the U.S. stock market onto the blockchain, would it bring more incremental capital into crypto—or would it, on the contrary, tighten the industry’s regulatory boundaries even further? On one hand, if the stocks of major traditional firms can be traded on-chain, then the big capital that previously could only stay within traditional brokerages might indeed trickle into crypto through this opening. But on the other hand, once this happens for real, regulators’ reach would likely extend along that same opening, too. For many small coins that aren’t regulated right now, whether they’ll still be able to trade freely like they do today is really hard to say.
My personal view is that in the long run this is definitely the direction the industry is headed. But whether it’s good or bad news in the short term—honestly, it’s hard to tell. We’ll have to take it one step at a time. As for my own positions related to this, I’ll hold and observe for now, without rushing to add.
What do you think: will bringing the stock market on-chain lead to a big bull run for the crypto market, or will it result in the whole industry being regulated even more tightly? Let’s talk in the comments.
$BTC
#SEC主席拟推动股市上链
I’ve always had a question I’d like to discuss with everyone: if they really move all these traditional equity assets in the U.S. stock market onto the blockchain, would it bring more incremental capital into crypto—or would it, on the contrary, tighten the industry’s regulatory boundaries even further? On one hand, if the stocks of major traditional firms can be traded on-chain, then the big capital that previously could only stay within traditional brokerages might indeed trickle into crypto through this opening. But on the other hand, once this happens for real, regulators’ reach would likely extend along that same opening, too. For many small coins that aren’t regulated right now, whether they’ll still be able to trade freely like they do today is really hard to say.
My personal view is that in the long run this is definitely the direction the industry is headed. But whether it’s good or bad news in the short term—honestly, it’s hard to tell. We’ll have to take it one step at a time. As for my own positions related to this, I’ll hold and observe for now, without rushing to add.
What do you think: will bringing the stock market on-chain lead to a big bull run for the crypto market, or will it result in the whole industry being regulated even more tightly? Let’s talk in the comments.
$BTC
#SEC主席拟推动股市上链